Chemserve - Update Announcement
Chemical Services Limited
("Chemserve")
(Incorporated in the Republic of South Africa)
(Registration number 1967/003338/06)
Share code: CHE ISIN: ZAE000009908
UPDATE ANNOUNCEMENT
Further to the announcement dated 13 June 2002, relating to the in principle
agreement with Sentrachem Limited to acquire it`s mining and alkylates chemical
businesses, PricewaterhouseCoopers Corporate Finance (Pty) Ltd is authorised to
announce that the transaction has progressed well although still subject to the
fulfilment of certain conditions precedent. The transaction is expected to be
completed early in the first quarter of 2003.
The transaction is not expected to have any material effect on the earnings in
the short term and shareholders will be advised of further developments in due
course.
Corporate adviser and sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 18/11/2002 07:00:02 AM Produced by the JSE SENS Department
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